Reported Earnings • Jul 05
Third quarter 2026 earnings released Third quarter 2026 results: Revenue: kr5.23b (up 2.7% from 3Q 2025). Net loss: kr819.0m (loss widened kr791.0m from 3Q 2025). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Electronic industry in Germany. Tillkännagivande • Jun 16
Dustin Group AB Announces Appointment of Anne Nillesen as EVP Relation Sales Benelux and member of Dustin's group management team, Effective June 16, 2026 Dustin Group AB had appointed Anne Nillesen as EVP Relation Sales Benelux and a new member of Dustin's group management team, effective June 16, 2026. Anne most recently held the position of Sales Director and member of the group management team of Copaco and has previously, among other roles, served as Sales Director for Government & Software Licensing at Dustin. Board Change • May 20
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Henrik Theilbjorn was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Tillkännagivande • Feb 20
Dustin Group AB Announces Management Changes, Effective April 13, 2026 Dustin Group AB announced changes to its management team. Pontus Cederberg, currently EVP Relation Sales, would assume the role of EVP Relation Sales Nordic. Recruitment for the position of EVP Relation Sales Benelux was underway. Monika Gullin was appointed Chief Technology Officer (CTO) and member of the Group Management Team and would take up her position on April 13, 2026. Monika most recently held the position of CTO at Nuuday and had previously held positions including Head of IT Consumer Sweden at Tele2 and CIO at Com Hem. Tillkännagivande • Dec 11
Dustin Group AB (publ) Elects Carl Mellander as New Member of the Board Dustin Group AB announced that at its AGM held on December 11, 2025, the shareholders elected Carl Mellander as new member of the Board. Tillkännagivande • Oct 21
Dustin Group AB (Publ) Announces CEO Changes, Effective November 10, 2025 Dustin Group AB (publ) announced thast Johan Karlsson has, in agreement with the Board, decided to step down from his role as CEO. At the same time, the Board has appointed Samuel Skott as the new CEO. Samuel Skott will assume the role of CEO on 10 November 2025, and Johan Karlsson will remain available during his 12-month notice period to ensure a smooth handover. Samuel most recently served as CEO of the technology consultancy HiQ and, prior to that, he held among other positions, the role of CEO of Tele2 Sweden. Tillkännagivande • Jun 29
Dustin Group AB (Publ) Announces Changes to the Nomination Committee Dustin Group AB (publ) announced that due to recent changes in ownership of shares in Dustin Group, Mikael Olsson, Nordanland, will become a member of the Nomination Committee. Mikael Olsson replaces Jens Browaldh, Altor. Effective from now, the Nomination Committee consists of the following members: Marie Ehrling, Axel Johnson AB, Chair of the Nomination Committee,
Lise Børresen, DNB, Mikael Olsson, Nordanland and Tomas Franzén, Chair of the Dustin Board (adjunct). Tillkännagivande • Apr 03
Dustin Group AB (publ) Reports Impairment Charges for the Second Quarter 2025 Dustin Group AB (publ) reported impairment charges for the second quarter 2025. For the period, the company reported non-cash impairment of primarily goodwill of negative SEK 2,500 million related to continued uncertainty regarding current and future market conditions as well as a strategic adaptation of the service offering. Tillkännagivande • Apr 02
Dustin Group AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 1.25 billion. Dustin Group AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 1.25 billion.
Security Name: Ordinary Shares
Security Type: Common Stock
Transaction Features: Rights Offering Tillkännagivande • Dec 13
Dustin Group AB (publ) Approves Board Appointments Dustin Group AB (publ) at its AGM, held on December 12, 2024, elected Hanna Graflund Sleyman and Henrik Theilbjørn as new members of the Board. The AGM elected Tomas Franzén as new Chair of the Board. Tillkännagivande • Nov 27
Dustin Group AB (publ) Provides Earnings Guidance for the First Quarter of 2025 Dustin Group AB (publ) provided earnings guidance for the first quarter of 2025. For the period, the company's group sales are expected to decline by around 20%, compared to the previous year. Tillkännagivande • Nov 13
Pontus Cederberg Becomes Acting EVP Relation Sales and Member of Dusin's Group Management Team, Effective December 1, 2024 Pontus Cederberg becomes acting EVP Relation Sales and member of Dusin's Group Management Team. Pontus is currently VP SMB Sales Nordic at Dustin and takes up his new role on December 1, 2024. Pontus has been working at Dustin since 2017 in multiple roles with sales responsibility. The role as EVP Relation Sales is new in conjunction with the organisational update announced on October 16, 2024. Tillkännagivande • Nov 04
Dustin Group AB Announces Thomas Ekman Declines Re-Election as Chairman of the Board, Effective December 12, 2024 Dustin Group AB announced that Thomas Ekman has informed that he is not available for re-election as Chairman of the Board or as a member of the board of Dustin. The background is that he is leaving his role as CEO of Axel Johnson. Thomas will stay as Chairman of the Board until the Annual General Meeting on 12 December 2024. Reported Earnings • Oct 16
Full year 2024 earnings released: EPS: kr0.14 (vs kr1.54 in FY 2023) Full year 2024 results: EPS: kr0.14 (down from kr1.54 in FY 2023). Revenue: kr21.5b (down 8.9% from FY 2023). Net income: kr53.0m (down 70% from FY 2023). Profit margin: 0.2% (down from 0.7% in FY 2023). Revenue is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 61% per year whereas the company’s share price has fallen by 60% per year. Tillkännagivande • Oct 16
Dustin Group AB (Publ) Announces Executive Changes Dustin Group AB (publ) appointed Cecilia Ridal as COO. Rebecca Tallmark, EVP SMB chooses to leave Dustin. John Karlson to be acting until the recruitment is concluded. Tillkännagivande • Oct 02
Dustin Group AB (Publ) Announces Leaving of Alexandra Fürst as COO Alexandra Fürst has announced that she is leaving her position as COO of Dustin Group AB (publ). She will stay at Dustin until a replacement has been recruited or until March 2025 the latest. The recruitment of a replacement will begin immediately. With her leadership and commitment, Alexandra has been very important for the successful integration of the operations in Benelux and the Nordics and for building their common culture. Tillkännagivande • Sep 13
Dustin Group AB (Publ) Provides Earnings Guidance for the Fourth Quarter of 2024 Dustin Group AB (publ) provided earnings guidance for the fourth quarter of 2024. The company publishes an earnings update for the fourth quarter 2023/24 after compiling preliminary financial results for August. The company is expected to report net sales of approximately SEK 5.0 billion (5.1) The development in the seasonally weaker fourth quarter has resulted in an unfavorable sales mix between countries and customer groups. The change in the sales mix deviate from normal seasonal patterns and is ??explained by a high proportion of sales to the public sector combined with a high proportion of sales in new contracts with initially lower margins within segment LCP. The demand in the SMB segment has remained weak. In addition, the adjusted EBITA has been charged with one-off costs of the equivalent of approximately SEK 20 million in the quarter, attributable to an adjustment of a previous insurance case. Reported Earnings • Jul 04
Third quarter 2024 earnings released: EPS: kr0.06 (vs kr0.21 in 3Q 2023) Third quarter 2024 results: EPS: kr0.06. Revenue: kr5.45b (down 2.3% from 3Q 2023). Net income: kr27.4m (up 17% from 3Q 2023). Profit margin: 0.5% (up from 0.4% in 3Q 2023). Revenue is forecast to grow 1.1% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Germany. Recent Insider Transactions • Apr 22
Chairman recently bought €11m worth of stock On the 16th of April, Thomas Ekman bought around 10m shares on-market at roughly €1.18 per share. This transaction amounted to 50% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Thomas has been a buyer over the last 12 months, purchasing a net total of €26m worth in shares. Reported Earnings • Apr 11
Second quarter 2024 earnings released: EPS: kr0.18 (vs kr0.72 in 2Q 2023) Second quarter 2024 results: EPS: kr0.18 (down from kr0.72 in 2Q 2023). Revenue: kr5.25b (down 16% from 2Q 2023). Net income: kr76.0m (down 6.4% from 2Q 2023). Profit margin: 1.4% (up from 1.3% in 2Q 2023). Revenue is forecast to grow 8.3% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has fallen by 53% per year, which means it is performing significantly worse than earnings. Recent Insider Transactions • Feb 06
Chairman recently bought €529k worth of stock On the 1st of February, Thomas Ekman bought around 500k shares on-market at roughly €1.06 per share. This transaction amounted to 2.9% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €4.7m. Thomas has been a buyer over the last 12 months, purchasing a net total of €15m worth in shares. Recent Insider Transactions • Jan 29
Chairman recently bought €4.1m worth of stock On the 24th of January, Thomas Ekman bought around 4m shares on-market at roughly €1.03 per share. This transaction amounted to 30% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €4.7m. Thomas has been a buyer over the last 12 months, purchasing a net total of €14m worth in shares. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €1.03, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Electronic industry in Germany. Total loss to shareholders of 72% over the past three years. Recent Insider Transactions • Jan 18
Chairman recently bought €4.7m worth of stock On the 10th of January, Thomas Ekman bought around 5m shares on-market at roughly €0.94 per share. This transaction amounted to 62% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Thomas has been a buyer over the last 12 months, purchasing a net total of €10m worth in shares. Reported Earnings • Jan 10
First quarter 2024 earnings released: EPS: kr0.29 (vs kr0.59 in 1Q 2023) First quarter 2024 results: EPS: kr0.29 (down from kr0.59 in 1Q 2023). Revenue: kr5.79b (down 13% from 1Q 2023). Net income: kr32.9m (down 50% from 1Q 2023). Profit margin: 0.6% (down from 1.0% in 1Q 2023). Revenue is forecast to grow 8.7% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has fallen by 49% per year, which means it is performing significantly worse than earnings. Board Change • Dec 20
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Independent Director Stina Andersson was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Dec 18
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 300% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Share price has been highly volatile over the past 3 months (15% average weekly change). Shareholders have been substantially diluted in the past year (300% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Tillkännagivande • Nov 29
AxMedia AB acquired additional 3.86% stake in Dustin Group AB (publ) (OM:DUST) for SEK 36 million. AxMedia AB acquired additional 3.86% stake in Dustin Group AB (publ) (OM:DUST) for SEK 36 million on November 23, 2023. Pursuant to transaction, AxMedia acquired 4.4 million shares, increasing its ownership in Dustin to 40.1%.
AxMedia AB completed the acquisition of additional 3.86% stake in Dustin Group AB (publ) (OM:DUST) on November 23, 2023. Recent Insider Transactions • Nov 24
Director recently bought €1.8m worth of stock On the 20th of November, Thomas Ekman bought around 3m shares on-market at roughly €0.64 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. New Risk • Nov 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 14% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Share price has been highly volatile over the past 3 months (14% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (€75.5m market cap, or US$82.0m). New Risk • Nov 14
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €70.2m (US$75.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (€70.2m market cap, or US$75.1m). Reported Earnings • Nov 13
Full year 2023 earnings released: EPS: kr1.54 (vs kr4.22 in FY 2022) Full year 2023 results: EPS: kr1.54 (down from kr4.22 in FY 2022). Revenue: kr23.6b (flat on FY 2022). Net income: kr173.9m (down 64% from FY 2022). Profit margin: 0.7% (down from 2.0% in FY 2022). Revenue is forecast to grow 5.0% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 41% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €1.06, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 11x in the Electronic industry in Germany. Total loss to shareholders of 79% over the past three years. New Risk • Oct 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Reported Earnings • Oct 11
Full year 2023 earnings released: EPS: kr1.54 (vs kr4.22 in FY 2022) Full year 2023 results: EPS: kr1.54 (down from kr4.22 in FY 2022). Revenue: kr23.6b (flat on FY 2022). Net income: kr173.9m (down 64% from FY 2022). Profit margin: 0.7% (down from 2.0% in FY 2022). Revenue is forecast to grow 5.0% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 38% per year, which means it is performing significantly worse than earnings. Reported Earnings • Jun 29
Third quarter 2023 earnings released: EPS: kr0.21 (vs kr0.75 in 3Q 2022) Third quarter 2023 results: EPS: kr0.21 (down from kr0.75 in 3Q 2022). Revenue: kr5.58b (down 5.3% from 3Q 2022). Net income: kr23.4m (down 72% from 3Q 2022). Profit margin: 0.4% (down from 1.4% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €2.53, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 18x in the Electronic industry in Germany. Total loss to shareholders of 46% over the past three years. Tillkännagivande • Jun 27
Dustin Group AB (publ), Annual General Meeting, Dec 12, 2024 Dustin Group AB (publ), Annual General Meeting, Dec 12, 2024. Tillkännagivande • Jun 01
Dustin Announces Executive Vice President of People, Culture & Sustainability Changes Dustin appointed Jenny Ring as EVP of People, Culture & Sustainability. She assumes her new role and becomes a member of the group management team on June 1st, 2023. Jenny is responsible for Customer Fulfilment at Dustin and has held several leadership roles within Dustin since 2015. Before joining Dustin she was sales director at GE Money Bank. Jenny has extensive experience in leading complex, multinational organizations and has a strong competence within leadership combined with extensive knowledge. Jenny Ring succeeds Martin Lindecrantz, who previously announced he is leaving the company. Tillkännagivande • May 23
Dustin Group AB (publ) Appoints Members of the Nomination Committee Dustin Group AB (publ) announced that in accordance with the instructions for the Nomination Committee adopted by Dustin's general meeting, the following members of the Nomination Committee have been appointed, based on the ownership structure as of 31 March 2023. Marie Ehrling, Axel Johnson AB, Chair of the Nomination Committee; Sophie Larsén, AMF Pension & Funds; Jonas Backman, Protector Forsikring ASA; and Mia Brunell Livfors, Chair of the Dustin Board (adjunct). Reported Earnings • Mar 30
Second quarter 2023 earnings released: EPS: kr0.72 (vs kr1.27 in 2Q 2022) Second quarter 2023 results: EPS: kr0.72 (down from kr1.27 in 2Q 2022). Revenue: kr6.27b (up 2.2% from 2Q 2022). Net income: kr81.2m (down 44% from 2Q 2022). Profit margin: 1.3% (down from 2.3% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Jan 12
First quarter 2023 earnings released: EPS: kr0.59 (vs kr1.47 in 1Q 2022) First quarter 2023 results: EPS: kr0.59 (down from kr1.47 in 1Q 2022). Revenue: kr6.64b (up 14% from 1Q 2022). Net income: kr66.3m (down 60% from 1Q 2022). Profit margin: 1.0% (down from 2.8% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Online Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Tillkännagivande • Dec 16
Dustin Group AB Elects Thomas Ekman as New Member of the Board Dustin Group AB at the Annual General Meeting held on December 15, 2022, elected Thomas Ekman as new member of the Board. Reported Earnings • Nov 19
Full year 2022 earnings released: EPS: kr4.22 (vs kr3.82 in FY 2021) Full year 2022 results: EPS: kr4.22 (up from kr3.82 in FY 2021). Revenue: kr23.6b (up 57% from FY 2021). Net income: kr477.7m (up 34% from FY 2021). Profit margin: 2.0% (down from 2.4% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Online Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Director Morten Strand was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Nov 14
Dustin Group AB (Publ) Not to Pay Dividend for the Year 2021/22 The board of Dustin proposes to the annual general meeting not to pay dividends to the shareholders for the financial year 2021/22. The proposal is based on the general economic situation in combination with the company's ambition to lower the debt ratio at a higher pace. Reported Earnings • Oct 12
Full year 2022 earnings released: EPS: kr4.22 (vs kr3.82 in FY 2021) Full year 2022 results: EPS: kr4.22 (up from kr3.82 in FY 2021). Revenue: kr23.6b (up 49% from FY 2021). Net income: kr477.7m (up 34% from FY 2021). Profit margin: 2.0% (down from 2.2% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.8% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Online Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Tillkännagivande • Oct 12
Dustin Group AB (publ) to Report Fiscal Year 2023 Final Results on Nov 11, 2023 Dustin Group AB (publ) announced that they will report fiscal year 2023 final results on Nov 11, 2023 Tillkännagivande • Oct 04
Dustin Group AB (publ) to Report Q4, 2022 Results on Oct 11, 2022 Dustin Group AB (publ) announced that they will report Q4, 2022 results on Oct 11, 2022 Valuation Update With 7 Day Price Move • Sep 24
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €4.01, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the Online Retail industry in Europe. Total loss to shareholders of 37% over the past three years. Reported Earnings • Jul 06
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: kr5.89b (flat on 3Q 2021). Net income: kr84.7m (up 6.8% from 3Q 2021). Profit margin: 1.4% (up from null in 3Q 2021). Over the next year, revenue is forecast to grow 6.3%, compared to a 35% growth forecast for the industry in Germany. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €5.86, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 17x in the Online Retail industry in Europe. Total loss to shareholders of 19% over the past three years. Tillkännagivande • May 31
Dustin Group AB (Publ) Announces Nomination Committee Appointments Dustin Group AB (publ) announced that following members of the Nomination Committee have been appointed, based on the ownership structure as of 31 March 2022. Marie Ehrling, Axel Johnson AB, Chair of the Nomination Committee. Tomas Risbecker, AMF Pension & Funds. Hans Christian Bratterud, ODIN Funds and Mia Brunell Livfors, Chair of the Dustin Board. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Director Morten Strand was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 07
Second quarter 2022 earnings released: EPS: kr1.27 (vs kr1.38 in 2Q 2021) Second quarter 2022 results: EPS: kr1.27. Revenue: kr6.61b (up 80% from 2Q 2021). Net income: kr144.1m (up 18% from 2Q 2021). Profit margin: 2.2% (down from 3.3% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 13%, compared to a 44% growth forecast for the industry in Germany. Reported Earnings • Jan 13
First quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat First quarter 2022 results: EPS: kr1.47 (up from kr1.02 in 1Q 2021). Revenue: kr6.25b (up 69% from 1Q 2021). Net income: kr166.0m (up 84% from 1Q 2021). Profit margin: 2.7% (up from 2.4% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.9%. Over the next year, revenue is forecast to grow 24%, compared to a 51% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Upcoming Dividend • Dec 09
Upcoming dividend of kr2.21 per share Eligible shareholders must have bought the stock before 16 December 2021. Payment date: 22 December 2021. Payout ratio is a comfortable 58% but the company is paying out more than the cash it is generating. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (3.4%). Higher than average of industry peers (0.3%). Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improved over the past week After last week's 15% share price gain to €9.64, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 35x in the Online Retail industry in Germany. Total returns to shareholders of 52% over the past three years. Executive Departure • Oct 12
Senior VP & Chief Human Resource Officer Luuk Slaats has left the company On the 1st of October, Luuk Slaats' tenure as Senior VP & Chief Human Resource Officer ended. We don't have any record of a personal shareholding under Luuk's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 3.25 years. Reported Earnings • Oct 07
Full year 2021 earnings released: EPS kr3.82 (vs kr3.13 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: kr15.9b (up 20% from FY 2020). Net income: kr357.0m (up 29% from FY 2020). Profit margin: 2.2% (in line with FY 2020). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Tillkännagivande • Aug 25
Dustin Group AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 1.211987 billion. Dustin Group AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 1.211987 billion.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 16,159,825
Price\Range: SEK 75
Transaction Features: Rights Offering Reported Earnings • Jul 03
Third quarter 2021 earnings released: EPS kr0.89 (vs kr0.35 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr3.39b (up 3.8% from 3Q 2020). Net income: kr79.3m (up 155% from 3Q 2020). Profit margin: 2.3% (up from 1.0% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Executive Departure • Jun 26
Executive Vice President of Supply Chain Jenny Ring has left the company On the 22nd of June, Jenny Ring's tenure as Executive Vice President of Supply Chain ended. As of March 2021, Jenny still personally held only 6.19k shares (€26k worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Jun 26
Executive Vice President of Services & Solutions Nordic Alexandra Drevenlid has left the company On the 22nd of June, Alexandra Drevenlid's tenure as Executive Vice President of Services & Solutions Nordic ended. We don't have any record of a personal shareholding under Alexandra's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Tillkännagivande • Jun 04
Dustin Group AB (publ) (OM:DUST) completed the acquisition of Centralpoint Holding B.V. from Rotla B.V. Dustin Group AB (publ) (OM:DUST) entered into an agreement to acquire Centralpoint Holding B.V. from Rotla B.V. for SEK 4.3 billion on April 13, 2021. The total consideration comprises 8,254,587 newly issued shares in Dustin and the remaining part in cash. The acquisition will be on cash and debt free basis. In a related transaction, Dustin intends to, as part of the long-term financing of the acquisition, propose a rights issue of approximately SEK 1.2 billion expected to be carried out during the second half of 2021. The transaction will be financed through a combination of issue of new shares, cash and debt facilities. Dustin has secured bridge financing with Swedbank with a maturity of 24 months (the “Bridge Financing”), in addition to its existing facilities with the same bank, to finance the cash consideration. In 2020, Centralpoint reported revenue of approximately SEK 7 billion and an EBITA of approximately SEK 280 million. The transaction is subject to compliance with works council proceedings and customary closing conditions, including merger control clearance from the Dutch competition authority. As on May 18, 2021, Dustin Group's Extraordinary General Meeting resolved to authorise the Board on a new issue of 8,254,587 shares, equivalent to approximately 8.5% of the outstanding shares in Dustin. As of June 2, 2021, all closing conditions for completion of acquisition of Centralpoint Holding B.V. have been fulfilled.
Completion of the acquisition is planned to take place on June 3, 2021. The acquisition is expected to generate annual synergies of approximately SEK 150 million, fully implemented by 2023/24. Carnegie Investment Bank AB (publ) acted as financial advisor, Tone Myhre-Jensen, Henrik Wållgren and Anna Green Jensen of Advokatfirman Cederquist KB and Paula Röttorp of Hannes Snellman Attorneys Ltd acted as legal advisors to Dustin Group AB. Hannes Snellman Attorneys Ltd advised Dustin Group in connection with the financing with one of Sweden’s leading banks. Jefferies International Limited acted as financial advisor, Jan-Willem van Rooij and Marcel Buur of Loyens & Loeff N.V. and David Andersson and Louise Brorsson Salomon of Advokatfirman Vinge KB acted as legal advisors to Rotla B.V. BDO acted as accountant to Dustin Group AB (publ).
Dustin Group AB (publ) (OM:DUST) completed the acquisition of Centralpoint Holding B.V. from Rotla B.V. on June 3, 2021. Recent Insider Transactions • Apr 24
President & CEO recently bought €227k worth of stock On the 22nd of April, Thomas Ekman bought around 23k shares on-market at roughly €9.85 per share. This was the largest purchase by an insider in the last 3 months. This was Thomas' only on-market trade for the last 12 months. 
